In a statement today, the transportation information technology (IT) solutions provider said the proceeds from the IPO will be primarily allocated for business operation expansion.

It added that it will be followed by innovative solution offerings, increasing brand visibility and customer engagement, as well as general corporate purposes.

“Applications for the IPO have opened starting at 10am today, following the prospectus launch, and will close on June 20, 2024.

“At the IPO price of RM0.35 per share, Go Hub would have a market capitalisation of RM140 million ahead of its debut,” it said.

Executive director and CEO Tan Cherng Thong said today’s prospectus launch is bringing the company closer towards becoming a listed entity.

“Having been in the transportation industry since 2011, our listing is in line with our growth plans and strategies to scale up our operations, expand our solutions offerings, and reach overseas.

“We are optimistic about the future and the opportunities this IPO opens for our company,” he said.

It said UOB Kay Hian Securities (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent.

Go Hub has mainly focused on providing tailored IT solutions, encompassing customised software development systems and hardware and software system integration with an established track record in the bus and rail segments.